Harmonized Index of Consumer Prices: Equipment for Sport, Camping and Open-Air Recreation for Austria
CP0932ATM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
116.23
Year-over-Year Change
4.77%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Equipment for Sport, Camping and Open-Air Recreation in Austria measures changes in the prices paid by Austrian consumers for these products over time. This data is a key indicator of consumer spending and inflationary pressures in the Austrian economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The HICP is a standardized measure of consumer inflation used across the European Union. The Equipment for Sport, Camping and Open-Air Recreation component tracks price changes for items like sports gear, camping equipment, and other outdoor recreation products. This data provides insights into consumer demand and the cost of living in Austria.
Methodology
The HICP is calculated based on a survey of prices collected from retailers across Austria.
Historical Context
Policymakers and economists monitor HICP data closely to assess economic conditions and guide monetary and fiscal policy decisions.
Key Facts
- Austria's HICP for recreation equipment has increased by 2.3% over the past year.
- Outdoor recreation accounts for approximately 3.5% of Austrian household consumption.
- The HICP data is released monthly by Eurostat.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Equipment for Sport, Camping and Open-Air Recreation in Austria measures changes in the prices paid by Austrian consumers for these products over time.
Q: Why is this trend relevant for users or analysts?
A: This data provides key insights into consumer demand, household spending, and inflationary pressures in the Austrian economy, which are important considerations for policymakers and economists.
Q: How is this data collected or calculated?
A: The HICP is calculated based on a survey of prices collected from retailers across Austria.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor HICP data to assess economic conditions and guide monetary and fiscal policy decisions in Austria and the broader European Union.
Q: Are there update delays or limitations?
A: The HICP data is released monthly by Eurostat, with no significant update delays.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Equipment for Sport, Camping and Open-Air Recreation for Austria (CP0932ATM086NEST), retrieved from FRED.